The Euro Area’s broad M3 money supply increased by 3.5% year-on-year to €17.72 trillion in September 2026, matching August's pace and slightly exceeding market forecasts of 3.4%. Money Supply M3 in Euro Area averaged 7215904.21 EUR Million from 1980 until 2026, reaching an all time high of 17717267.00 EUR Million in September of 2026 and a record low of 1097404.00 EUR Million in January of 1980. source: European Central Bank

Money Supply M3 In the Euro Area increased to 17717267 EUR Million in September from 17647597 EUR Million in August of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-25 08:00 AM
M3 Money Supply YoY
Aug 3.5% 3.4% 3.5% 3.4%
2026-10-27 09:00 AM
M3 Money Supply YoY
Sep 3.5% 3.5% 3.4% 3.6%
2026-11-26 09:00 AM
M3 Money Supply YoY
Oct 3.5%


Related Last Previous Unit Reference
Central Bank Balance Sheet 5934983.00 5935346.00 EUR Million Oct 2026
Deposit Facility Rate 2.50 2.50 percent Oct 2026
Foreign Exchange Reserves 119.88 121.42 USD Billion Sep 2026
ECB Interest Rate 2.65 2.65 percent Oct 2026
Marginal Lending Rate 2.90 2.90 percent Oct 2026
Loans to Households YoY 3.10 3.10 percent Sep 2026
Loans to Non-financial Corporations 5518191.00 5499920.00 EUR Million Sep 2026
Longer-Term Refinancing Operations 16.19 16.19 EUR Billion Oct 2026
Money Supply M0 3954615.00 3982652.00 EUR Million Sep 2026
Money Supply M1 11333724.00 11296114.00 EUR Million Sep 2026
Money Supply M2 16491926.00 16449710.00 EUR Million Sep 2026
Money Supply M3 17717267.00 17647597.00 EUR Million Sep 2026
Refinancing Operations 19.25 18.51 EUR Billion Oct 2026


Euro Area Money Supply M3
Euro Area Money Supply M3 is the sum of M2, repurchase agreements, money market fund shares/units and debt securities with a maturity of up to two years.
Actual Previous Highest Lowest Dates Unit Frequency
17717267.00 17647597.00 17717267.00 1097404.00 1980 - 2026 EUR Million Monthly
Current Prices, SA

News Stream
Eurozone M3 Money Supply Accelerates in January
Eurozone M3 money supply rose 3.3% year-on-year to €17,344.7 billion in January 2026, up from 2.8% in December and surpassing market expectations of 2.9%. The narrower M1 aggregate, which includes currency in circulation and overnight deposits, rose 5.3% annually, up from 4.7% in December. In contrast, short-term deposits excluding overnight deposits (M2-M1) declined 0.6% year-on-year in January, slightly steeper than December’s -0.4%. Meanwhile, marketable instruments (M3-M2) rebounded, growing 1.6% annually after a 0.6% contraction in December.
2026-02-26
Euro Area M3 Growth Slows
The Euro Area’s M3 money supply rose by 2.8% year-on-year to a new record high of €17.23 trillion in December 2025, following a 3% increase in November and below market estimates for 2.8% growth. The narrower aggregate M1, which comprises currency in circulation and overnight deposits, increased 4.7%, below 5% in the previous month. Meanwhile, short-term deposits other than overnight deposits (M2-M1) fell 0.4% in December, compared with a 0.8% fall in November. Marketable instruments (M3-M2) were down 1%, after a 1.5% rise in November.
2026-01-29
Eurozone M3 Money Supply Hits New High
The Euro Area’s M3 money supply rose by 3% year-on-year to a fresh peak of €17.2 trillion in November 2025, following a revised 2.9% increase in October and above market estimates for 2.7% growth. The narrower aggregate M1, which comprises currency in circulation and overnight deposits, decreased to 5% in November from 5.2% in October. Meanwhile, short-term deposits other than overnight deposits (M2-M1) fell at a slower 0.8% in November, compared with a 1.8% decline in October. The annual growth rate of marketable instruments (M3-M2) increased to 1.6% in November from 1.4% in October.
2026-01-02